Monday 13 April 2015

CLB directs Co. to transfer shares in favour of petitioner as there was no fraud or forgery in share

CL: Where petitioner company purchased shares of respondent-company through bank, however, respondent-company refused to register transfer of said shares in name of petitioner, since bank was entitled to transfer shares and there being no forgery, fraud, manipulation or misrepresentation in transfer of shares, respondent company was to transfer shares in name of petitioner


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